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Zero Down Home Loans For First Time Buyers in Franklin

If by chance you're a 1st time buyer in Franklin Michigan and you're leaning towards a zero down mortgage, you will be glad to know you have several opportunities. All of these choices have direct guidelines that must be met if you want to put nothing down when mortgaging your new home. Below you'll notice a list of choices available to first time buyers in Franklin MI.

The Michigan USDA Rural Development Loan

The first opportunity for a 0 down payment mortgage loan is the United States Department of Agriculture's Rural Development mortgage. This mortgage loan allows zero down but is the beneficiary of an up front mortgage insurance premium and it also has income & geographic restrictions. Call us at 248-674-6450 and Michigan Mortgage Solutions can tell you if the USDA RD mortgage loan is a good fit for you.

MSHDA Down Payment Assistance

Another consideration on zero down mortgages for 1st time home buyers in Franklin Michigan is looking into state departments like the MSHDA. MSHDA has opportunities for down payment assistance which will be used in conjunction with FHA mortgage lending. This financial aid can be as much as $7,500 and doesn't make you to send any monthly payments nor does it accrue interest but it absolutely must be paid off should you want to refinance or sell the home. There are other restrictions to the MSHDA down payment assistance program like your mortgage amount along with your total income as it is created to help those having lower to moderate salaries.

Local or Federal Grants

The last opportunity available on zero down home loans for first time home buyers in Franklin Michigan is to look up any federal money granted to Franklin for neighborhood stabilization programs. You can learn more on the opportunities that could be available in your city by getting in touch with your areas community development representative which will be easily found in Google.

If you are interested in zero down home loans for first time home buyers in Franklin Michigan call 248-674-6450 ASAP!

Accurate Mortgage Payment Calculations on The Go
Our mortgage app allows borrowers to calculate mortgage payments using up to date mortgage rates as well as accurate mortgage insurance premiums based on product and credit score

Designed with ease of use and accuracy in mind

Most mortgage calculators force users to input unknown data like mortgage rates or mortgage insurance. Without the correct data these calculations become worthless. Our app populates this data for the user based on up to date mortgage rates and accurate mortgage insurance quotes based on loan product and credit score.

Buit-in convenience within the admin area

The app has a really cool admin area that allows you to securely scan and send important mortgage documents right from your phone. No need for a fax machine or a scanner when our app will do the job.

Install on your phone for easy access 24/7

Our mortgage app can be installed by simply entering your mobile number and opening a text. Once installed, you'll have full access to the app and be able to perform unlimited mortgage calculations for any available mortgage product. This allows you to accurately compare different mortgage products on the go.

All mortgage calculations are saved

You can review any of your previous mortgage calculations from within the app. This makes it easier to compare different mortgage programs as well as other loan parameters. This can save you from running the same numbers over and over again.

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  • Maria Ramirez
    October 27, 2011

    I cannot thank you enough for the blog article.Really looking forward to read more. Great.

  • Eugene Fisher
    November 3, 2011

    I truly appreciate this blog post.Much thanks again. Cool.

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